Why are food prices increasing and not farmer profits?
In just a year, many of our staples like beef, bread, milk, and eggs are up double-digit percentages. The Michigan Farm Bureau shares some of the reasons we are seeing higher prices at the grocery stores, but why farmers are not seeing a profit increase.
UN FAO Food Price Index hits new record
CPI: food prices are still going up at a fast pace
Supporting farmers as global food prices inflate due to war in Ukraine
Even with historic commodity highs, input costs and inflation may hurt producer profits this year
Watching crops grow and profit margins shrink